After weak start to the year, layoffs hit F5 Networks

After weak start to the year, layoffs hit F5 Networks

The Mark tower, now F5 Tower, is under construction now. (The Mark Photo)

F5 Networks laid off a number of people across the company this week, GeekWire has learned, after two straight disappointing financial quarters hit the Seattle-based application delivery and network security company.

A F5 representative confirmed the cuts in a statement: “As part of F5’s annual strategic business review we evaluate our organizational structure and priorities. This is to align resources around our strategy for growth and to ensure we have the right teams in the right places where we are increasing our investments, especially in cloud and security.”

It’s not clear exactly how many people were affected, but sources told GeekWire the cuts came across departments as F5 apparently decided to cut costs after missing expectations for revenue last month in the midst of a product refresh…

Read More…


Source